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It may not be bad for the investor if that’s be outcome, but it sure is bad for the market and the consumer.
by cimmanom 8y ago
It may not be bad for the investor if that’s be outcome, but it sure is bad for the market and the consumer.
- digitaltrees 8y agoI totally agree. Monopolies are destructive. Markets to work with monopolies; there is no competition to allow for optimal price discover that matches supply and demand. I am just reacting against the urge to blame monetary policy and government itself. I find this to be a common response that keeps being disproven and yet doesn't go away. I am definitely not a fan of Uber, Amazon, and the like. I really don't like this model that is being pursued in much of SV. I understand Peter Thiel and others reason for wanting monopolies; it is rational from the perspective a firm and investors, but it is highly irrational from the perspective of that firm within society, and an investor as a citizen within a country. The more monopolies exist the smaller the economic pie will be over time. The more they concentrate resources to extract outsized profits, the less space there is for innovative startups. The more they abuse pricing power, the less customers they have.
- nilskidoo 8y agoThe opposite of monopoly is diversity, and in genetics, the opposite of diversity is inbreeding.